KR Trade on Jun 21, 2019 09:37 from arman_smb: Tradervue User Stock Trades.

In Play:
2nd day Negative Earnings, above htf support

Playbook setup:
- Pull in during the open - PM Low

Film Notes / Summary of actions:
- Following traditional pull-in rules on 2m timeframe workd. I initially entered half size upon close of the long wick activator at 9:34. Got stopped out by an out of price print, meaning time to re-enter. Filled back half when 2m at 9:36 showed it'd be an activator. Wasn't confident in activator at close @ 9:38, so was late to add remaining size until below vwap. Could've gotten this far tighter if more confident in 2m activator.
- Switched to 5m when trade started working. Since this was a trade 2 hold (strong FA), my plan was to 1/4 until 5m failure at support, 1/2 until 15m failure at support, and the rest at first sign of weakness in move to cover risk. Didn't take off at 22.78 support, KR had a lot of momentum going into that and the level broke easily. Took off 1/4 immediately at touch of next level, 22.50, since price was very over-extended at this point. KR then begins consolidating above 22.5. Placed stop above consolidation and let the battle at 22.50 take its course. Stop never triggered, and price broke below after 30min. Next price hit 22.33 level, broke below, consolidated under. Stop placed above that consolidation for "5m failure at support". That stop was eventually hit. Switched to 10m and 15m for remaining half of position. Price consoldiated between 22.2 LOD and 22.3 level. Since 15m holds above .2 on 2nd reaction, stop placed above consolidation at 22.31. Stop hit after 45m of more consolidation.

Good:
- Used trailing stops to manage exits allowing me to maximize hold time and minimize FUD (fear, uncertainty, doubt)
- Used 2m on the open to enter rather than waiting until after 9:45am.

Better:
- Lots of places to add: VWAP hold at 9:36am, Y-low pull-in at 11am, vwap pull-in at the close. With a trade2hold on stock that's really in play, I need to ensure I'm adding any time I see a pb setup. This week I'd like to develop confidence in adding to my Trades2Hold when they're working. Rules for that would go something like this:
- Needs to be in play stock that i'm using a trade2hold exit on (can't be move 2 move)
- Can add 1/2 of initial risk at a time (i.e. if initial risk is $1000, can add up to $500 risk per add)
- Max 1 add per market time period (9:30-9:40, 9:40-10:00, 10-1130, 1-4. Avoid adding 1130-1300 (zombie hour)
- Use move2move exit strategy with add position